Self.Ve Personalis an Individual Performance Management System from iAaptha Techno Solutions. This system acts as a mirror that gives an idea to the person on how they are performing with respect to the goals. Self.ve is an acronym for ‘Self View’. Self.Ve system enables the ongoing tracking and measurement of the performance of professionals across all levels in the entire organization.
Need For Self.Ve
- Enhances communication, collaboration, and alignment among all levels of an organization, bringing together staff members at the executive, management, and operational levels in support of common goals.
- Designed to foster a Continuous Improvement cycle by defining/refining a Corporate Goals linking it to Individual’s performance, and measuring results, aimed at driving higher levels of productivity and profitability.
- Improved transparency by promoting uniform measuring pattern across the organisation.
- Promotes accountability since all the stakeholders how they will be expected to reach their goals and how they will be measured.
- Track progress towards the achievement of their objective – real time. This will also enable the operational team to take corrective actions and create an improvement plan.
Features
Define Your Organisation Structure
It starts with the highest level in the organisation and goes up to the lowest level, irrespective of the number of levels.
Objectives of Individual
Teams
Set the objective for each of the tems in the business unit and define Key results areas (KRAs) for them.
Assign Metrics for the KRAs
You can assign Key Performance Indicators (KPIs) for all the KRA’s along with weightage of each KPI on the KRA.
Set Targets for each KPI
Targets can be set for each KPIs based on the frequency by which you want to monitor the KPI. It could be Monthly, Quarterly, Half Yearly or Annually depending on the requirement.
Monitor
Actuals
Actual performance values can be taken from the supporting systems in the form of data feeds. If there are no supporting systems, the values can be manually input.
Performance Calculation
Based on the actual values and weightage, the system calculates the performance values for the individual KPIs and rolls it up to the business unit as a whole.
Improvement
Plans
If for any reasons a particular KPI is not performing as expected. You can define the Improvement plans for that particular KPI and can monitor for completion.
Dashboard and reports
Realtime performance of the organization can be displayed in the form of a Dashboard with drill down to the lowest level. Target Vs. Actual reports are also available for review.
Benefits
Real Time Performance View
Realtime performance of the individual business with respect to their target and actual achievement for the current review period.
Wholistic View of the Organisation
Self.Ve gives you a wholistic view of the organisation and not restricted to one business unit or function. You can then drill down to individual business units to monitor their performance..
Performance Trends
Performance Trends of the business unit during the past review period with respect to target vs.actuals.This will give an indication whether the current performance is just a one off or is this a trend.
KPI based reporting
You will know what areas are doing well and what area requires immediate attention.
Budget Vs. Actuals
Business can configure Self.Ve to monitor their Budget Vs. Actual. With this feature, they can monitor the budget vs. actual at any given point of time.
Customised Views
Metrics can be viewed by various categories viz Business Unit wise, Metric category wise (Investor, Employee, Financial, etc).